ARIS · Aris Mining Corporation

Aris Mining's Q1 2026 preliminary results demonstrate robust operational momentum, with consolidated gold production rising 6% quarter-over-quarter to 74.3 koz, driven primarily by Segovia's outperformance at 66.6 koz (up from 63.1 koz in Q4 2025), supported by higher average gold grades of 12.41 g/t versus 10.10 g/t and strong 95.3% recoveries despite slightly lower tonnes processed. Marmato contributed 7.8 koz, a modest increase from 6.7 koz, with grades improving to 3.53 g/t. Gold sales of 74.8 koz benefited from an average realized price exceeding $4,860 per ounce amid a supportive gold price environment, propelling revenue above $360 million—a 20% jump from Q4 2025's $301 million and more than double Q1 2025's $154 million. This revenue surge underscores the leverage to gold prices and higher volumes. Balance sheet strength improved with cash exceeding $470 million at quarter-end, up approximately $80 million from year-end 2025, providing ample liquidity for ongoing expansions. CEO Neil Woodyer highlighted the strong start, attributing results to solid operations and market conditions, while noting H2-weighted production growth ahead, including first gold from the Marmato CIP plant in Q4 2026 and Segovia's continued ramp-up post-second mill installation in June 2025. Full financials are due around May 6, 2026; preliminary figures may adjust slightly due to rounding or final accounting.